MyNorthwest.com - Purpose of Comments statement
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.

So, according to comments here, only basketball fans will be on the hook for ....

September 11, 2012 8:06 am

the general obligation bonds issued by the City of Seattle to raise money for the billionaire's arena?

Never knew you could do that. I'll be interested to see the details of that one.

As far as I knew, if the arena promoters and their team, or the NBA, plays the citizens of Seattle for suckers and fools (AGAIN!!) and decide the grass is greener in East Overshirt, the taxpayers are the folks who must ultimately take responsibility for the money they borrowed to give to the promoters.

Oh sure, we can sue the promoter, the team, the NBA, yada, yada, yada....good luck with that. Bottom line, the taxpayers are ultimately on the hook for a general obligation bond. It will be interesting to see how only basketball fans are going to be on the hook for this one- as that's what the comments here continue to state.

Chris Hansen will buy all the land, pay for most of the stadium costs, BUY a team, GIVE the entire arena and land to the City of Seattle, pay $40 million for traffic mods to fix a problem that already exists, another $7 Million to update Key Arena, and then have to BUY BACK the new arena (which he has already paid for and given the city for free!) in 20 years for $200 Million? I think Hansen may want to report to the hospital, he just got raped by the city. Most cities would have been glad to have Chris Hansen put in that much of his own money on a stadium without all the other city extortion, but NOT SEATTLE! You call that business friendly? If I was Hansen I would have given Seattle the middle digit months ago and gone to Bellevue and made a deal there. This is preposterous.

these questionable anti arena people wont be happy until Hansen buys the land and the team and then gives a 100% of the revenue from ticket sales to the city and also pays taxes and rent and then gives it all to the city in the end

All this city extortion will make the chances of this whole thing failing much greater. I don't know of any legitimate business that could operate under these conditions. How Hansen figures this is going to work for him financially is beyond me. What must the ticket prices be to support this? He still has to pay players salaries! Maybe TV revenue will make the difference, but good luck with that. With the NBA's reputation taking a hit with every abused NBA Wife and drug addicted player report, I'm not sure anyone will want to watch.